I like the risk reward at this level. The stock has been in a downtrend for awhile. The news continues to get better. It's a "show me" stock for now. I rarely buy stocks making 52 lows but I will make an exception here.
Buying a Qtr position at $2.25 and will continue to add until I get 25,000 shares.
Yes but DRYS had much smaller float at that time. The company issued new shares to raise money over the years. The reverse split with shrink the float once again. It really has no bearing on the stock performance.